To Inflate Building Values, Office Landlords Offer Cash Gifts, Discounted Loans - WSJ: “You see the headline number that everybody cares about, and then there’s the story behind it,” said John Kim, a real-estate stock analyst at BMO Capital Markets.
WeWork Wrestles to Amend Leases as Landlords Seek Clarity on Restructuring Plan - WSJ: The co-working company has achieved at least $3.7 billion in savings through rejecting and amending leases, but talks for further concessions are dragging on
SDNY Amends Guidelines for Prepackaged Chapter 11 Cases | Insights | Skadden, Arps, Slate, Meagher & Flom LLP: Among other things, they recognize the concept of a “Rapid Prepackaged Chapter 11 Case” and provide a road map for the conduct of such cases. The changes reinforce the Southern District of New York’s position as a preferred venue for achieving expedited Chapter 11 cases.
Electric van maker Arrival lurches closer to insolvency | Business News | Sky News: Nasdaq-listed Arrival, which has seen its shares plummet by 95% over the last year, is in talks with EY about acting as administrator if the company cannot secure rescue funding, Sky News learns.
